Telecom Italia general manager adds CEO role

Telecom Italia SpA appointed Pietro Labriola as its new CEO.

Labriola will concurrently retain his existing role as the Italian telco's general manager, according to a Jan. 21 news release. He will also qualify as a nonindependent executive director.

Following the additional appointment, Labriola will resign as a director and CEO of Telecom Italia's Brazilian unit TIM SA. The latter said it expects to name its new CEO in the coming days, in line with a succession process.

The CEO post at Telecom Italia had been vacant since late November 2021 after Luigi Gubitosi stepped down to help speed up the evaluation of KKR & Co. Inc.'s nonbinding offer for the telco. Telecom Italia Chairman Salvatore Rossi will remain in charge of discussions related to KKR's offer.

Labriola has reportedly proposed a revamp of Telecom Italia as an alternative to KKR's takeover bid.